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Why Is #Bitcoin Dumping ?
1) Grayscale Redemption
In the past 2 days, Bitcoin ETFs have seen net outflow of over $500M
Grayscale had a new outflow of $1.1 billion in the last 2 days which explains the selling
2) FOMC Meeting Decision
Today is FOMC day and Powell will speak
Recently, Bank of Japan raised their interest rate for the 1st time in 17 years which is leading to the sell off
If Powell sounds dovish in the meeting, the market can resume its upward momentum otherwise there can be few more red candles
3) Tax Season
Right now, there is tax season going on in the US where investors usually sell their assets
Given that BTC has been one of the best performing asset, it's highly likely that big investors are taking profits
Don't forget that we're still in a bull market
BlackRock and Fidelity is still accumulating BTC
Halving has still not happened
Rate cuts will happen in 2024
#HotTrends #60k #2024 #ETF #BTC
1) Grayscale Redemption
In the past 2 days, Bitcoin ETFs have seen net outflow of over $500M
Grayscale had a new outflow of $1.1 billion in the last 2 days which explains the selling
2) FOMC Meeting Decision
Today is FOMC day and Powell will speak
Recently, Bank of Japan raised their interest rate for the 1st time in 17 years which is leading to the sell off
If Powell sounds dovish in the meeting, the market can resume its upward momentum otherwise there can be few more red candles
3) Tax Season
Right now, there is tax season going on in the US where investors usually sell their assets
Given that BTC has been one of the best performing asset, it's highly likely that big investors are taking profits
Don't forget that we're still in a bull market
BlackRock and Fidelity is still accumulating BTC
Halving has still not happened
Rate cuts will happen in 2024
#HotTrends #60k #2024 #ETF #BTC
$BTC keep it up
#Bitcoin is going to be the safest asset
Wall street guys are going crazy on bitcoin
ETF
For me, a personal decision i'm not gonna sell before APRIL
OR less then #60k #Write2Earn
#Bitcoin is going to be the safest asset
Wall street guys are going crazy on bitcoin
ETF
For me, a personal decision i'm not gonna sell before APRIL
OR less then #60k #Write2Earn
#thinkingoutloud
♦️When should you start shorting?
👉Let's think about whether it's worth opening shorts now?
- I think not, since our trend is super bullish on the cue ball, there is no setup for shorts at all. It is better to start shorting when there are compelling arguments for this. Yes, in this case, TVH may not be at its peak, but it is not against the trend, especially against such a strong one. Also, everyone who is now taking risks and opening shorts is clearly setting their stops for yesterday's high of 64k, or for the global high, somewhere at 70k+. and all this may serve to push the price even higher.
Where is the peak?
- It's hard to say, all my goals that I expected and not particularly, they have been fulfilled, then all that remains is to observe. At any moment we can turn around and fly down, or we can grow by interrupting the highs and it is not clear where the stop will be.
I see how alta is growing, some are really pumping up, well, I don't consider this an alt season. This isnot the same at all. But it will most likely happen quite soon, and maybe it has already begun. We'llfind out soon. In any case, I think so. that there will definitely be a flow of money into alts, either finally to drive the crowd, or the growth of the cue ball will not continue as rapidly as it is now, well, the main capital will be in alts.
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#BTC #alt #Bitcoin #60k
♦️When should you start shorting?
👉Let's think about whether it's worth opening shorts now?
- I think not, since our trend is super bullish on the cue ball, there is no setup for shorts at all. It is better to start shorting when there are compelling arguments for this. Yes, in this case, TVH may not be at its peak, but it is not against the trend, especially against such a strong one. Also, everyone who is now taking risks and opening shorts is clearly setting their stops for yesterday's high of 64k, or for the global high, somewhere at 70k+. and all this may serve to push the price even higher.
Where is the peak?
- It's hard to say, all my goals that I expected and not particularly, they have been fulfilled, then all that remains is to observe. At any moment we can turn around and fly down, or we can grow by interrupting the highs and it is not clear where the stop will be.
I see how alta is growing, some are really pumping up, well, I don't consider this an alt season. This isnot the same at all. But it will most likely happen quite soon, and maybe it has already begun. We'llfind out soon. In any case, I think so. that there will definitely be a flow of money into alts, either finally to drive the crowd, or the growth of the cue ball will not continue as rapidly as it is now, well, the main capital will be in alts.
🔴Check out Pin Post to earn money
🔴BPE5FN1AZL
🔴10 Dollar free
#BTC #alt #Bitcoin #60k
$BTC from today call this "triple boom" gradually increasing and then boom 60k😮💨#zgeblinekpredikt #BTC #60k
Why Is #Bitcoin Dumping?
1) Iran-Israel War Situation
Just a few minutes ago, the former Mossad intelligence chief said that they could strike Iran nuclear facilities.
This is a massive statement and could even lead to the WWIII situation.
This is causing panic in the market, which is dumping BTC and crypto.
2) Powell turning hawkish
Yesterday, Powell said that they're still not very confident about inflation and could keep the interest rates for longer.
The market was anticipating a rate cut in June, but now there's even a 1% probability of a rate hike.
3) Retail greed
Retail has become too greedy and longing every every dip with high leverage.
Despite recent corrections, the funding rate was still positive, which shows that the market is still greedy.
Unless and until we see a full reset or even negative funding for some time, the market could keep going sideways/down
#60k #War #Breakingdump #Bitcoin $BTC
1) Iran-Israel War Situation
Just a few minutes ago, the former Mossad intelligence chief said that they could strike Iran nuclear facilities.
This is a massive statement and could even lead to the WWIII situation.
This is causing panic in the market, which is dumping BTC and crypto.
2) Powell turning hawkish
Yesterday, Powell said that they're still not very confident about inflation and could keep the interest rates for longer.
The market was anticipating a rate cut in June, but now there's even a 1% probability of a rate hike.
3) Retail greed
Retail has become too greedy and longing every every dip with high leverage.
Despite recent corrections, the funding rate was still positive, which shows that the market is still greedy.
Unless and until we see a full reset or even negative funding for some time, the market could keep going sideways/down
#60k #War #Breakingdump #Bitcoin $BTC
$BTC Consolidating between 60k & 61k , market is trying hard not to break down below $60k but there are so much fear in the market right now that will all impact big either on the the break down of #60k or above #62k ,either sides you will se a huge pressure like those big moves back in #2020
But #AlTS will be strong in these moves, remember.. focus on real utility ALTS instead of #memes & bad #tokenomic projects , also don't forget unlock periods
$SOL 🔥
But #AlTS will be strong in these moves, remember.. focus on real utility ALTS instead of #memes & bad #tokenomic projects , also don't forget unlock periods
$SOL 🔥